Tag Archives: Greece

In a few days, my flight is scheduled to return to Greece. It’ll be a short trip for a couple of weeks to see my relatives and friends there that I haven’t seen since last November. It was then that I decided to leave my homeland in Athens for a second time in my recent…

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While the European project is struggling to remain afloat through the destructive, vicious circle of austerity and dogmatic monetary policy choices that have been made over the last five years in the euro zone, the United States seems to be overcoming the crisis started in 2008 by following the opposite approach from Europe. Although the…

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Having recently had a most interesting interview with the European Commission’s president, José Manuel Barroso, I realized how much Europe struggles to tackle contradictory interests and views in a unified framework of solidarity among European members’ states. What I noticed then was that the word “solidarity” was mentioned several times by Barroso while we were…

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Last week, Greece’s European neighbors and the IMF made their decision which has been breathlessly anticipated by the Greek people living with the looming specter of a national economic crisis. According to this decision, Greece will be supported with a new rescue package of 130 billion euros that buys the nation time to comply with…

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Certain analysts have claimed that Greece does not deserve the new financial support provided by its European partners and the International Monetary Fund. Some say that the country has not done as much as it had to do in terms of reducing the deficit, putting its fiscal house in order and becoming more competitive. Others…

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In his recent story, titled “ Obama’s Partner in Athens“, the respectful Brookings Institution’s managing director, Mr. William J. Antholis tried — among other things — to persuade us that George Papandreou is probably the “Barack Obama of Greece”. I would definitely say, “no, he is not”. Although the two leaders’ political interests are crossing…

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Two of the “P.I.G.S.” group members, Spain and Portugal, seem to have a strong likelihood of avoiding any kind of European and IMF external funding assistance, through the same mechanism imposed in Greece and Ireland in exchange for the implementation of a tough austerity measures program. Contrarily, debt-ridden Spain and Portugal are likely going to…

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